Stocks see up on large-cap vibe

Dhaka, Monday, 18 February 2019

Stocks see up on large-cap vibe

Poriborton Correspondent 9:10 pm, October 03, 2017

Stocks see up on large-cap vibe

Stocks saw upward trends on Tuesday as major indices of both Dhaka and Chittagong Stock Exchanges rose with higher activities of some large-cap securities despite lower transactions. The rising major sectors were foods and allied, ceramics, financial institutions and textile. A total of 194 large cap securities moved up on higher activities.

The broader DSEX index of the DSE closed the session with 40.27 points up at 6,133.23. The Shariah DSES and the blue-chip DS30 also followed the same trend with 6.55 points up at 1,341.53 and with 4.86 points up at 2,181.68.

Due to the "World Investor Week-2017" from October 2, investors are increasing their concentration over the market activities which has taken the price indices upward, Azam Securities Limited Managing Director Ahmed Kabir Majumder told reporters on Tuesday. 

For creating awareness in the investor week, the investors are investing in the market through properly observing the company's overall activities, he added. 

He urged the authorities concerned to arrange such kinds of events in future to keep up the present rising trend of the markets.

The volume of shares decreased to 28.78 crore from Monday's 31.42 crore shares and the daily turnover in value at DSE declined to Taka 801.24 crore from Taka 925.88 crore.

At DSE, out of the day's 330 traded issues, price of 240 securities closed higher against 65 losing issues.

The major gaining issues were Fu Wang Food, Fu Wang Ceramics, Union Capital, ILFSL and Tung Hai. The major losing issues were Imam Button, Aamra Net, ISNLTD, Progressive Life and Beach Hatchery. Exim Bank topped the turnover leaders followed by Premier Bank, NBL, 

Islami Bank and Lanka Bangla Finance.

The Chittagong Stock Exchange (CSE) closed the day of the week with upward trend with its major CASPI 143.45 points up at 19,046.84. At CSE, 251 issues were traded. 

Of those, 170 closed higher and 58 closed lower when 1.54 crore shares worth Taka 39.87 crore changed hands.